Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

New Fund=Time To Sell?

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A Sell Signal For An Asset Class?

In the video below, I note that Bitcoin has dropped by more than a third since the ProShares Bitcoin Strategy ETF (BITO) launched, and discuss a couple of other examples of similar phenomena that came to mind. The first was when Alliance Capital (as it was known at the time) launched its healthcare fund in the late ’90s. At the time, Pfizer (PFE) was one of its top holdings, and an archetypical one at that. It was selling two of the biggest drugs on the market: Warner-Lambert’s Lipitor (starting in 1996) and its own Viagra (starting in 1998). And yet Pfizer’s share price hit a high water mark a few years later that it didn’t regain until last year with its BioNTech (BNTX) COVID vaccine. 

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Ridiculous Yet Recent

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Do yourself a favor; next time you see some eye-catching prediction, even if it’s from the likes of such celebrated names as Goldman Sachs, just assume it’s totally made-up nonsense. I offer into the body of evidence the headlines below, which only last month were absolutely assuring the public that Ethereum would be $8,000 by the end of this year (AKA just a few days from right now) and Bitcoin would be $100,000. And let me be very clear: this wasn’t some kid in a basement shouting these predictions. It was some of the most esteemed investment advisors on the planet.

stupid
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